THE IMPACT OF COMPETITION ON ECONOMIC GROWTH
Keywords:
competition, innovation, productivity, consumer, technological gap, monopoly, technological frontier, trade freedom, economic growth.Abstract
n this article, we discuss about the significant role of competition in economic development. It highlights the role of competition in supporting innovation, increasing economic efficiency, producing higher-quality products and services. Furthermore, it explores the challenges associated with negative consequences of excessive or unfair competition, such as predatory price wars, issues of resource inequity and potential harm to smaller businesses.
References
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